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The Financial Resource Network - Israel (FIRN) is an exclusive group of financial service professionals working together to meet the unique needs of multi-national citizens (and businesses) living and working in Israel. Through our offices in Jerusalem and Beit Shemesh, our advisors have been serving individuals, families and businesses in Israel for over 15 years. FIRN uses a holistic financial planning approach to address our clients' total financial needs, including: setting financial goals, tax planning, investment and wealth management, retirement and estate planning, and charitable giving. Budgeting often is a significant part of the package. FIRN's particular expertise is in rebalancing finances that are located in several countries and tax jurisdictions.

LATEST NEWS
Use the form to the right to contact the FiRN Librarian, Karen Poll, Librarian@IsReNet.com, to receive any item you would like to receive. Copy the item number into the text area of the message to receive your copy from our library.

This page contains articles collected until the end of 2011.
For more recent materials go to Library #2 (2012)  Library #3 (2013)
Library #4 (2014)   Library #5 (2015)

All items are free and are designed to make you a better informed client.

SUBJECTS

The library is divided up; into a number of major subjects.  To find the material for any given subject, press its name in the list below.  This will take you to the items in that category.  Several categories have sub categories.  Each category has its titles given in alphabetical order. 

The Financial Resource Network also provides a one-time free counseling service. Call  972-2-622-3065 for help.
FIRN works differently from virtually ail other financial service providers, particularly in Israel.

The Financial Resource Network - Israel (FIRN) is an exclusive group of financial service professionals working together to meet the unique needs of multi-national citizens (and businesses) living and working in Israel. Through our offices in Jerusalem and Beit Shemesh, our advisors have been serving individuals, families and businesses in Israel for over 15 years. FIRN uses a holistic financial planning approach to address our clients' total financial needs, including: setting financial goals, tax planning, investment and wealth management, retirement and estate planning, and charitable giving. Budgeting often is a significant part of the package. FIRN's particular expertise is in rebalancing finances that are located in several countries and tax jurisdictions.

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Insurance related
Investing - Basic concepts
Investment Timing, Asset Allocation related:
Israel Investing
Israel Taxes & related issues:
Managers of Investment Managers
Offshore investing, structures, etc..
Precious metals  collectibles
Real Estate investing
Retirement Planning:
Scam & theft related
Stocks-Shares Investing
Taxes - other jurisdictions
UK taxes, investing, retirement planning
USA - taxes, social security, etc.
Wills - Trusts - Estate Planning

Advisors & Advice
Banking & related structures
Bonds & Debt investing
Budgeting & family finances related:
Business related
Children, adolescents - financially related issues
Commodity related investing
Currencies
Economic predictions & analysis:
Employment related issues:
Equity, Bond and traditional Funds
FiRN literature - French
FiRN Literature & Forms
Hedge, Alternative, Structured products:
Helpful info - non-investment
Home-buying renting mortgages & RE investing
IFA practice management

Advisors & Advice                            Return to Topics List
          
Coming of Age (STEP Journal)  `11-04 #269
William Drake explains the concept of  a 'private investment office.'
April `11 (request
PDF 269)

Socially Responsive Advising (STEP Journal) `11-04 #272
"Michael Perkins considers meshing client objectives with advisor ability."
April `11  (request PDF 272)

An Elegant Solution (STEP Journal) `11-02 #274
Article discussing US planning opportunities for non-citizens and non-resident aliens using life insurance and annuities.
February `11 (request PDF 274)

Pursuit of a Financial Advisor: Field Guide (NAPFA) `11-02 #290
List of Topics: Preparation for the Pursuit, Equipping Yourself - Knowing What to Ask, Selecting Where to Look, Evaluating Potential Advisors, Engagement, Evaluating Your Advisor, Additional Tools and Resources (16 pages)
February `11 (request PDF 290)

How we Transformed to an Adviser Charging Model (Professional Advisor) `11-01 #238
"U.K Advisory firms have less than two years to transition to an adviser charging remuneration model. But some have already made the move..." This article explains the breakdown of charges to the client. January `11 (request PDF 238)

Working Together (STEP Journal) `10-02 #247
How Lawyers and Financial Trustees should responsibly hire a financial advisor. 
The principles mentioned here are even more important for the retail investor.
February `10 (request PDF 247)

Mutual Benefit (Omer-Kaye) `09-7  #155
Benefits of working with Independent Financial Advisors (IFAs). Using an IFA allows you to look at the wider spectrum of market solutions, rather than the traditional approach of only building an investment portfolio.
July  `09 (request PDF 155)

Pick a Planner Who Can Spell "Fiduciary" (NY Times) `08-4  #159
gIf your planner can't spell fiduciary, you need to look elsewhere for help. . .Someone who has a fiduciary duty must put your interests ahead of theirs at all times, providing advice that will serve you -  not them - best."
April `08 (request PDF 159)

Financial Planner vs. Financial Advisor (Loeb) `07-1  #156
A Financial Planner works with the client to format retirement, tax and college plans, etc., according to the client's needs, while the Financial Advisor guides you on how to invest your money.
January `07 (request PDF 156)

Picking an Advisor and Accountant (Expact Investor) `07  #157
Key questions to ask an Advisor at the onset of the relationship. How to choose an Accountant suitable to your needs.
`07 (request PDF 157)

10 Questions for Financial Advisor (Merriman) `07-12  #152
10 reasons why you may want to receive financial advice. (For those needing quick answers, or who are contemplating using a financial advisor. 
December `07 (request PDF 152)

How to Interview a Financial Advisor (WiserAdvisor.com) `06  #158
Basic guidelines about what to expect, what to ask, and what you should know about your Financial Advisor.
`06 (request PDF 158)

Know Your Advisor (Porteous) `04-11  #153
Where does your money go? Explains the key differences between commission-based and fee-based financial advisors. In general fee-based advisors are better.
November `04 (request PDF 153)

Banking  and Related Structures              Return to Topics List
 
Seeking Bank Secrecy in Asia (New York Times) `10-09  #210
NYTimes article on Asia financial centers being the best place for Bank Secrecy
September `10 (request PDF 210)

What's in Store for International Banks? (Morningstar) `09-11  #124
Morningstar analytical report predicting which banks will be in trouble and which will survive.  "We think the significant divergence among international banks during the last two years will extend into the recovery, and we expect to see stark contrasts between the winners and the losers in both the speed and strength of their recoveries." 
November `09 (request PDF 124)

Mutual Funds: What You Need to Know (NY Times) `08-12 #262
"There are thousands of funds to choose from, yet most investors really don't need more than four or five funds. . . .Here is a look at the essentials, along with guidelines on what to look for when purchasing a fund. Once you are done, you should have a better grasp on how to choose the investments you need to build a diversified portfolio, whether it's for your child's college fund or retirement savings."
December `08 (request PDF 262)

The Charitable Foundation- Sovereign (Profile) `06-07  #163
"Charitable Foundations can be effective vehicles for succession and tax planning. They provide a flexible  and secure means to support charitable aims, while also offering income, capital gains and estate tax mitigation." 
July `06 (request PDF 163)

Top Returns on Your Savings (Mark van Gelderen) `94-06  #164
"The question often comes up whether there is a legal alternative between keeping savings that are not in Sheqalim in your former 'home town' bank or in an Israeli Bank's foreign currency account.  Neither is the ideal solution.  Here are some important alternatives you should consider."  These solutions are still worth considering nearly 20 years later. 
June `94 (request PDF 164)

Bonds and Debt Investing                  Return to Topics List

Lord Myners Warns Bond Market is 'Enormous Bubble Which Will Burst' (Global Pensions) `10-12 #240
Myners - a former City minister and fund manager says:  "I find it an absolute nonsense that your actuaries and your advisers are telling you to buy bonds at these ridiculously low rates of interest, particularly if I'm right that we are on the threshold of major inflationary risk.
December `10 (request PDF 240)

Taking Stock / The Surest Investment of All (Ha'aretz) `10-11  #168
"...What does it mean for investors to buy bonds at such low yields... It says terribly complicated things about the current state of the global economy, the future of the global economy and the liquidity trap into which the world has stumbled." 
November `10 (request PDF 168)

When is an ETF Not an ETF? (Fidelity) `10-07 #251
"When most analysts and investors refer to the ETF industry, they frequently use the term to apply to all exchange-traded products that are traded like stocks. In reality, the landscape is not quite that simple, and the term "ETF" is used a bit too liberally."
July `10 (request PDF 251)

Should You Stick With Bonds? (Fidelity Viewpoints) `10-04  #166
"...this article will use historical data to put into context the impact that a prolonged, dramatic increase in interest rates might have on bond returns." 
April `10 (request PDF 166)

The Problem with Bond Fund Performance Figures (Morningstar) `09-11 #165
"Corporate bonds aren't traded on exchanges the way the stocks are and so there is a degree  of judgment involved in valuing them.
November `09 (request PDF 165)

Investing Classroom: Bond Duration (Morningstar) `09-11  #125
"When you read reports on bonds and bond funds, you will likely come across two apparently similar terms: bond maturity and bond duration. Though related, they refer to two different concepts. As an educated investor, you need to understand these concepts in order to make wise investment decisions regarding bonds and your financial goals." 
November `09 (request PDF 125)

Rethinking Fixed Income - Bonds: Why Bother? (Journal of Indexes) `09-06  #202
"Over this full 207-year span, the average stock market yield and the average bond yield have been nearly identical." 
June `09 (request PDF 202)
The Allures and Perils of Foreign Government Bonds (Business Week) `09-06  #167
"...Non-US government debt has rallied strongly - especially in emerging markets - but potential defaults are still a problem." 
June `09 (request PDF 167)

Exchange-Traded Funds: What You Need to Know (New York Times) `08-12 #242
ETF's "provide easy access to broad spheres of the market, while keeping costs and taxes low."
August `10 (request PDF 242)


Budgeting and Family Finances Related       Return to Topics list


Confronting Your Personal Debt (NY Times) `11-04 #265
"We've all made financial commitments like mortgages, rent payments, college tuition and utility bills.
When you combine those commitments, you end up with the foundation for a budget. But what happens when those commitments exceed your income?"
April `11 (request PDF 265)

Why Your Nest Egg May Not Last (Wall St. Journal) `11-03 #270
"Investors starting out retirement  in adverse market conditions, such as those of the past few years, may only be able to safely withdraw smaller percentages than is now the conventional wisdom....Over-assumed returns can empty savings more quickly than many expect."
March `11 (request PDF 270)

Wouldn't you Accept a Check for NIS 5,000? The pitfalls of waiting 'til tomorrow to go to the bank (Ha'aretz) `11-02 #239
The article discusses budget vs. procrastination and is about each and every one of us. That the local banks endemically overcharge is only making the essay more poignant.
February `11 (request PDF 239)

Advice to Get Your 2011 Started on the Right Foot (NAPFA Planning Perspectives Newsletter) `10-12 #263
This  issue provides a quick dose of ideas for next year. How  to  build  a  larger 'emergency funds' account. The concept of 'purposeful spending', and additional useful articles.
December `10 (request PDF 263)

The American Dream, the American Reality and Israel (The Marker) `10-12 #267
"The American dream: People are starting to realize the life of Riley is out of their reach."
December `10 (request PDF 267)

A Guide to Complaints That Get Results (NY Times) `10-05  #169
Think you have been wronged? "Here are some G-rated ideas that don't require legal forms, presented in no particular order." Based on US laws and the American system - not necessarily translatable to Israel or other countries. 
May `10 (request PDF 169)

Money Issues That Can Test Even a Rock Solid Marriage (NY Times) `09-11  #183
Inevitably each person has a different style and attitude about money, that evolves over time and experience.  Since financial issues are perhaps the most common cause of marital distress, it is important to learn how to control its influence. 
November `09 (request PDF 183)

Financial Decision to Make as You Divorce (NY Times) `09-11  #184
 50% of American marriages end in divorce, and 37% of Israelis get divorced.  Many do not realize that 'the day after' could be more difficult than staying married, or working out a more amicable/realistic solution. 
November `09 (request PDF 184)

Taking Care of Parents Also Means Taking Care of Finances (NY Times) '09-09  #110
A New York Times overview of issues and methodologies.
September `09 (request PDF 110)

Money Talks to have Before Marriage (NY Times) `09-10  #182
Much of the advice given in this article should be part of the Shidduch process and be talking points for young people and their parents. 
October `09  (request PDF 182)

Credit Card Debt - The Crunch Yet to Come (Spectator) `09-09  #170
"The economic indicators for the UK suggest that worse times lie ahead for the credit card sector...In simple terms  GBP 15 of every GBP 100 borrowed on credit cards isn't going to get repaid...It's not surprising your credit card company is so keen to slip an extra tenner onto your account  in obscure charges: it is drowning in a sea of bad loans... There is little doubt the banks are going to take a big hit." 
September `09 (request PDF 170)

Budget Boot Camp (Money Magazine) `09-06  #140
"Did your last attempt at a spending plan fail to take hold? Understanding why, can help you find a system that works." 
June `09 (request PDF 140)

$1 Trillion Question - How Much do I Need to Save to Retire (CNNMoney.com) `06-12  #205
"The right answer isn't just a dollar figure or percentage of salary you should save..." 
December `06 (request PDF 205)

58 Ways to Pay Less and Save More [in Israel] (The Marker) `06-11  #139
Hebrew article from "The Marker." 
November `06 (request PDF 139)


Business Related      Return to Topics list


Your Taxes - About Starting a Business in Israel (Leon Harris) `10-09 #172
"Do you need a company in Israel? If so, should it be a subsidiary or a branch of a non-Israeli company? How to incorporate in Israel and register for tax purposes. What monthly and annual tax filings are needed?  How much tax will there be on profits? How to repatriate income? What about any future exit? 
September `10 (request PDF 172)

Write a Business Plan (SBA) `07-07 #171
"The financial plan should be developed after you've analyzed the market and set clear objectives." A list of  critical financial statements to include in your business plan packet. 
July `07 (request PDF 171)

Children, Adolescents - Financially Related Issues      Return to Topics list

Too Young for Finance? Think Again (The NY Times) `11-04 #283
Finance for toddlers. "Ron Lieber interviewed Sesame Street and Elmo about improving the next generation's financial habits at an earlier age."
April `11 (request PDF 283)

Kid IRA Q&A (Kiplinger) `08-02  #173
For Americans: "Find out if your child must file a tax return to open an IRA, what the best investments are for the account and whether an IRA affects college financial aid." 
February `08 (request PDF 173)

Money Smart Kids - Rewards Greater than Money (Kiplinger) `08-01  #174
"Pay kids for grades? A teacher makes the case that rewards of trust, responsibility and opportunity are more productive -- and realistic." 
January `08 (request PDF 174)

Commodity Related Investing                               Return to Topics list

Managed Commodity Funds Can Save Your Tail (Seven Koomar) `09-07 #259
"Some investors who are unfamiliar with managed futures are nervous about the volatility of the asset class. Unbeknownst to them, they may be missing an opportunity to reduce the overall risk of loss in their investment portfolios."
July `09 (request PDF 259)

Currencies                  Return to Topics list

Euro's Future (Krugman) `10-05  #146
This Nobel Prize wining economist says that the Euro is a major cause for the insolvency of many European countries.  Unless the Euro is abandoned or modified, he sees only further problems. 
May `10 (request PDF 146)

Economic Predictions & Analysis:                Return to Topics list

Real US Inflation Now Near 10%? (Wealth Wire) `11-04 #255
April `11 (request PDF 255)

Seeking Alpha: The Active Quest for Alpha: A Loser's Game (Larry Swedroe) `11-04 #268
Excerpts from Jonathan Liss discussion with Swedroe "to discuss his latest book  and discover why he believes the 'quest for alpha' has done nothing but made Wall Street wealthier, while leading investors astray."
April `11 (request PDF 268)

 Stock Ratings, for What They're Worth (NAPFA) `11-02 #273
"...Stock market coverage -  in your face today, gone tomorrow." Tom Posey challenges 'sure-fire' predictions and what are results of these predictions a year or so later. February `11 (request PDF 273)

Putting Aside Your Mobile Could Save You a Bundle Next Year (Ha'Aretz) `10-12 #246
This article discusses how much a person could save on their cellular bill if they switch to a fixed-line.
December `10 (request PDF 246)

Changes Coming to Western Society (Eisen) `10-12  #245
Changes are coming to the USA and the rest of the modern World. Whether these changes are good or bad depends in part on how we adapt to them. But, ready or not, here they come.
December `10 (request PDF 245)

Lord Myners Warns Bond Market is 'Enormous Bubble Which Will Burst' (Global Pensions) `10-12 #240
Myners - a former City minister and fund manager says:  "I find it an absolute nonsense that your actuaries and your advisers are telling you to buy bonds at these ridiculously low rates of interest, particularly if I'm right that we are on the threshold of major inflationary risk.
December `10 (request PDF 240)

Upper Class Economy (HaAretz) `10-10  #147
Important analysis of how the American public has been turned into a servile class of the super-rich.  October `10 (request PDF 147)

50 Most Underreported Facts About the State of the US Economy (Banner) `10-07  #120
America's Most Pressing Economic Problems - 50 issues that need to be overcome in order for America and the West to resolve the current Depression. 
July `10 (request PDF 120)

The Death of Paper Money (Telegraph.co.uk) `10-07  #121
A British Economic Editor compares what is happening now with what happened to Germany in the 1920's. 
July `10 (request PDF 121)

The Final Frontier (Barrons -Wall St. Journal) `10-07  #122
Africa: The next exciting emerging market investment area. Report on one of the most promising areas for smart investors. 
July `10 (request PDF 122)

Making More Debt is Not the Solution (NY Times) `10-06  #149
"What we need is a great reset. We need to stop spending more than we earn, pay down our debt and then rebuild from there." 
June `10 (request PDF 149)

Unfunded Pension Liabilities (Global Pensions) `10-05  #150
Pension funds do not have enough money to pay retirees. 
May `10 (request PDF 150)

Easy Money Hard truths (Einhorn Op Ed) `10-05  #148
"Are you worried that we are passing our debt on to future generations?  Well, you need not worry.  . . . I believe the government response to the recession has created budgetary stress sufficient to bring about the crisis much sooner. Our generation . . ." 
May `10 (request PDF 148)

Euro's Future (Krugman) `10-05  #146
This Nobel Prize wining economist says that the Euro is a major cause for the insolvency of many European countries.  Unless the Euro is abandoned or modified, he sees only further problems. 
May `10 (request PDF 146)

Hard Money for Hard Times (PFP) `10-05  #119
Tim Price, a well-respected British wealth manager explains the bind politicians are facing in terms of the economy and how we might protect ourselves from their choices. 
May `10 (request PDF 119)

Ring of Fire  (PIMCO) `10-02  #118
Bill Gross, one of America's most successful investment managers explains what is happening, why, and what to expect over the next decade. 
February `10 (request PDF 118)

Employment Related Issues:     Return to Topics list

10 Ways to Make a Bad First Impression-and How to Recover (Yahoo-Hotjobs) `10  #178
"...10 ways to potentially botch your interview and the steps to take to right your sinking ship." 
`10 (request PDF 178)

Equity, Bond and Traditional Funds:         Return to Topics list

When is an ETF Not an ETF? (Fidelity) `10-07 #251
"When most analysts and investors refer to the ETF industry, they frequently use the term to apply to all exchange-traded products that are traded like stocks. In reality, the landscape is not quite that simple, and the term "ETF" is used a bit too liberally."
July `10 (request PDF 251)

Multi-Manager Funds - Basics (IFAonline) `10-06  #114
This article appeared in the professional press directed at Financial Advisors based in Great Britain.  It explains, and advocates, one of the core concepts in building an investment portfolio.  Using Multi-manager  Funds of Funds has long been a basic tenet employed by 21st Century Advisors to build portfolios for Financial Resource Network clients around the world.  Highly recommended background information
June `10 (request PDF 114)

How You Can Lose Money in a Money Fund - Fees (USA Today) `10-03  #176
"If you invest in a money fund, you probably think you won't lose money. But if your fund is in a variable annuity, you probably lost anywhere from 1% - 3% the past 12 months, not because the fund's investments were bad, but because of additional fees the variable annuity charges." 
March `10 (request PDF 176)

Closed-end Fund Discounts Explained (Morningstar) `09-11  #175
"The discount is what makes closed-end funds such interesting and potentially profitable investment vehicles. The shareprice of a closed-end fund...is determined by supply and demand for it's shares...when the share price is lower than the NAV, the fund is said to be trading at a discount...If higher than the NAV the fund is referred to as being at a premium." 
November `09 (request PDF 175)

Exchange-Traded Funds: What You Need to Know  (The NY Times) `08-12 #284
"Most E.T.F.'s are simply mutual funds pegged to financial indexes, but with an added benefit: They
can be traded throughout the day just like a stock, whereas traditional mutual funds are priced only
once a day, at the end of trading. . . ." 
December `08 (request PDF 284)

Mutual Funds: What You Need to Know (NY Times) `08-12 #262
"There are thousands of funds to choose from, yet most investors really don't need more than four or five funds. . . .Here is a look at the essentials, along with guidelines on what to look for when purchasing a fund. Once you are done, you should have a better grasp on how to choose the investments you need to build a diversified portfolio, whether it's for your child's college fund or retirement savings."
December `08 (request PDF 262)

FiRN Literature - French       Return to Topics list

FiRN Literature & Forms        Return to Topics list


Hedge, Alternative, Structured Products:       Return to Topics list

Hedge Funds as Investments Today (LCH)  `09-12  #116
The manager of the oldest and perhaps most successful Fund of Hedge Funds explains what these funds do and how they are of economic value. 
December `09 (request PDF 116)

Hedge-ucation (Nedgroup) `06 #254
A quick reference guide to Hedge funds (24 pages)
2006 (request PDF 254)

Guide to Investing in Hedge Funds (Int'l. Herald Tribune) `05-05 #253 (11 pages)
May `05(request PDF 253)

Helpful Info - Non-investment         Return to Topics list

Making Change Happen on a Deadline (New York Times) `11-09 #297
Tina Rosenberg looks at solutions to social problems and why they work.
September `11 (request PDF 297)

The American Dream, the American Reality and Israel (The Marker) `10-12 #267
"The American dream: People are starting to realize the life of Riley is out of their reach."
December `10 (request PDF 267)

"Money Back" Store Return Policy Makes Aliya (Jerusalem Post) `10-12 #261
 "Israeli consumers will be able to return almost all goods back to store within specified time period
for small purchase cancellation fee." 
December `10 (request PDF 261)

Memory Loss? 10 Natural Remedies (LifeScript) `10-11 #289
 ". . .there's good news: Your brain is incredibly adaptable, even improving with age if you treat your mental muscles right. Here are 10 steps that help…
November `10 (request PDF 289)

Parenting in the Information Age (Mishpacha) `10-02  #177
"This is the first time in history that we have a subject matter that our kids know more about than we do." Are your children addicted to computer usage and usage of computer-based technology? This article gives advice on how to regulate computer-based technology use for teenagers. 
February `10 (request PDF 177)

10 Ways to Make a Bad First Impression-and How to Recover (Yahoo-Hotjobs) `10  #178
"...10 ways to potentially botch your interview and the steps to take to right your sinking ship." 
`10 (request PDF 178)


Home-buying Renting Mortgages & RE investing         Return to Topics list

Reasons Not to Refinance a Mortgage (NY Times) `10-09  #179
3 Scenarios are given where it does not pay to refinance a mortgage. 
September `10 (request PDF 179)

Buy vs. Rent -  Family Budget Counseling (Ha'aretz) `10-04  #113
Should one rent or buy their residence in Israel today? 
April `10 (request PDF 113)

Home Buying - 8 reasons to Rent (Morningstar) `09-10  #180
"Should you buy or rent? Here are important questions you should ask yourself before committing to a mortgage." 
October `09 (request PDF 180)

The Real Cost of Buying a Home in Israel `09-07  (Ha'aretz) #187 
The sales office price is not the only thing to take into account when purchasing a new or second hand home. You need to take into consideration lawyer's fees, purchase tax, movers, renovations, etc.. September `09 (request PDF 187)

An Easy Guide to Buying a Home (United Mortgage Financial Group, Inc.) `09-03  #181
Buying process from start to close of an American home purchase. Many of the points are still extremely important and worth considering, whether you are  in Israel or elsewhere. 
March `09 (request PDF 181)

IFA Practice Management               Return to Topics list

How we Transformed to an Adviser Charging Model (Professional Advisor) `11-01 #238
"Advisory firms have less than two years to transition to an adviser charging remuneration model. But some have already made the move..." This article explains the breakdown of charges to the client. January `11 (request PDF 238)

Difficult Clients (STEP Journal) `10-8 #249
August `11 (request PDF 249)

Insurance Related                   Return to Topics list

An Elegant Solution (STEP Journal) `11-02 #274
Article discussing US planning opportunities for non-citizens and non-resident aliens using life insurance and annuities.
February `11 (request PDF 274)

Why Buy Disability Insurance? (Market Watch) `08-01  #200
"If you don't have dependents, you probably don't need life insurance. The other side of that coin, however, is that if you do have dependents, you do need life insurance to protect them in case anything happens to you. But almost as important, you need disability insurance if you become ill or injured."   January `08 (request PDF 200)

Investing - Basic Concepts & Principles             Return to Topics list

Guerilla Investing: Dealing With Losers (Mark Van Gelderen) `11-05 (#248)
One thing that is generally correct, and is the point of this article -- Doing nothing with your poor investments is usually worse than doing something that is thoughtful. 
May `11 (request PDF 248)

Stress-Test Your Portfolio (Wall St. Journal) `11-05 #286
How to prepare for risks known and unknown.
May `11 (request PDF 286)

Seeking Alpha: The Active Quest for Alpha: A Loser's Game (Larry Swedroe) `11-04 #268
Excerpts from Jonathan Liss discussion with Swedroe "to discuss his latest book  and discover why he believes the 'quest for alpha' has done nothing but made Wall Street wealthier, while leading investors astray."
April `11 (request PDF 268)

Guerilla Investing - Understanding the True Time Value of Investment Money, and Why a Wild Portfolio is Better Than Ultra-Conservative Investing  (Mark Van Gelderen) `10-12  #213
Mark van Gelderen shows how to safely get higher returns through diversification.
Nov `10
(request PDF 213)

Multi-Manager Funds - Basics (IFAonline) `10-06  #114
This article appeared in the professional press directed at Financial Advisors based in Great Britain.  It explains, and advocates, one of the core concepts in building an investment portfolio.  Using Multi-manager  Funds of Funds has long been a basic tenet employed by 21st Century Advisors to build portfolios for Financial Resource Network clients around the world.  Highly recommended background information
June `10 (request PDF 114)

Buy & Hold (The Marker) `10-04  #126 
A leading Israeli market commentator explains (in English) why traditional thinking no longer works.  April `10 (request PDF 126)

The Magic of Compounding (Morningstar) `09-10  #109
The article says: "When you were a child, perhaps one of your friends asked you the following trick question: "Would you rather have 10,000 per day for 30 days or a penny that doubled in value every day for 30 days?" Today, we know to choose the doubling penny, because at the end of 30 days, we'd have about 5 million instead of the 300,000 we'd have if we chose 10,000 per day." 
October `09   (request PDF 109)

Constructing a Portfolio That Works (STEP Journal) `09-04 #243
James Martineau guides Trustees through a simple, but rigorous, process of portfolio construction."
September `09 (request PDF 243)


Investment Timing, Asset Allocation Related:        Return to Topics list

10 Things an International Investor Wants (Int'l Adviser) `11-02 #287
"The international fund industry is as creative and ingenious as ever in creating investment solutions
to satisfy the growing international appetite for alternatives. Understanding what investors require is crucial in successfully distributing funds internationally. It is also important in building them too."
February `11 (request PDF 287)

Outliers Matter: Why Average is not Normal (NY Times) `10-07  #134
Outliers make all the difference in investing. Understanding that aberrant events must be part of investment manager's expectations.  This is one of the clearest explanations of the type of conservative investing FiRN promotes.  From the NY Times.  Very important concept for all investors to internalize
July `10 (request PDF 134)

Buy & Hold (The Marker) `10-04  #126 
A leading Israeli market commentator explains (in English) why traditional thinking no longer works.  April `10 (request PDF 126)

Israel Investing                   Return to Topics list
 
Beware of Castles in the Sky (Ha'Aretz) `11-03 #244
"Purchasing an apartment on paper, without it even having a building permit yet, can save buyers thousands, but they may end up waiting years for construction to even begin on their homes."
March `11 (request PDF 244)

Bond and Market Data (Moshe Jonas) `11-02  #279
Moshe Jonas gives a performance history of the Israeli Government Sheqel Bond using the
Israel Bond Index as a yardstick and  provides a comparative graph showing the performance of three unmanaged indices. 
February `11 (request PDF 279)

Wouldn't you Accept a Check for NIS 5,000? The pitfalls of waiting 'til tomorrow to go to the bank (Ha'aretz) `11-02 #239
The article discusses budget vs. procrastination and is about each and every one of us. That the local banks endemically overcharge is only making the essay more poignant.
February `11 (request PDF 239)

The Real Cost of Buying a Home in Israel `09-07  (Ha'aretz) #187 
The sales office price is not the only thing to take into account when purchasing a new or second hand home. You need to take into consideration lawyer's fees, purchase tax, movers, renovations, etc.. September `09 (request PDF 187)

Israel Taxes & related issues:                Return to Topics list

Change in Israeli Tax Law (Don Shrensky) `11-12 #294
Components of new tax law: "On December 5th 2011, the Knesset passed the first of the Trachtenberg committee recommendations. The new law is entitled "The Bill to Change the Tax Burden". The goal of the law is to lower the income tax for the middle classes, starting from 2012."
December `11 (request PDF 294)

Israeli Tax Rates Going up in 2012 `11-12 (Leon Harris) #293
The higher tax rates are meant to finance some of the reforms considered necessary. The measures enacted are similar to the bill sent to the Knesset but include important differences. 
December `11 (request PDF 293)

The Knesset Approved Certain Tax Changes Recommended by The Trachtenberg Commission  `11-12 (Jeff Broide) #298
The article lists the fiscal changes which were approved (applicable 1-1-2012)
December `11 (request PDF 298)

Dividends - To Be or Not to Be (Leon Harris) `11-12 #292
The Israeli tax Authority has just come dangerously close to throwing away a tax windfall but, fortunately, it pulled back just in time. 
November `11 (request PDF 292)

 
Tax Memorandum - "The Angels' Law" (Yigal Arnon & Co.) `11-10 #296
Explaining Israeli tax benefits for individuals investing In R&D Companies.
October `11 (request PDF 296)

Who Must File an Annual Israeli Tax Return and When (Leon Harris) `11-04 #278
An overview of the requirements for the 2010 tax year, namely the year ended December 31, 2010.
April `11 (request PDF 278)

Personal (Israeli) Tax Rates for 2011 (Leon Harris) `11-04 #256
People are often surprised to find that living in Israel is a lot less taxing than it used to be - and a bit less than many other countries. Following is a non-exhaustive summary of the Israeli rates and tax brackets for 2011.
April `11 (request PDF 256)

Israeli Trust Tax Alert (Broide) `11-04 #257
" Highlights of certain aspects of Tax Laws pertaining to taxation of Trusts in Israel, and are intended for reference purposes only."
April `11 (request PDF 257)

Broide Tax Newsletter (Broide) `11-03 #241
The article discusses:
1.        Tax Breaks on Sale of Residential Properties
2.        Reporting on Bringing In or Taking Out Cash from Israel
3.        Reporting on Foreign Income & Assets
4.        General Marketing Ideas
Pre-Ruling on Step-Up in Values of Foreign Assets February `11 (request PDF 241)
 
Immigration to Israel: Israeli Tax Ramifications& Benefits (Leon Harris)  `11-02  #229
February `11 (request PDF 229)

Tax Changes for New Olim  (Leon Harris) `11-02 #223
Leon Harris explains tax changes for new olim and gives some advice for those having just made aliya.
February `11 (request PDF 223)

Wouldn't you Accept a Check for NIS 5,000? The pitfalls of waiting 'til tomorrow to go to the bank (Ha'aretz) `11-02 #239
The article discusses budget vs. procrastination and is about each and every one of us. That the local banks endemically overcharge is only making the essay more poignant.
February `11 (request PDF 239)

Tax Review  (Don Shrensky) `11-01 #228
Don Shrensky's guide to his 4 tax preparation guides posted on the internet, to help Israelis and Americans prepare their information for their accountant.
January `11
(request PDF 228)

Rental Income, Advance Payments (Don Shrensky) `11-01 #220
Don Shrensky explaining how to report Rental income to Mas Hachnassa.
January `11 (request PDF 220)

New Immigrants and Returning Israelis Arriving Before January 1, 2007   (Don Shrensky) `11-01 #218
Don Shrensky explaining the rights of new Immigrants and returning Israelis arriving before January 1, 2007.
January `11 (request PDF 218)

Company Car Annual Tax Overhaul  (Leon Harris) `11-01 #217
Leon Harris discusses the tax implications of the Israeli company car.
January `11 (request PDF 217)

Lessons to be Learned from Golan Tax Probe `11-01 (Leon Harris) #219
Leon Harris explains how the Israeli tax authorities caught a high profile tax cheat.
January `11 (request PDF 219)

Tax Planning for 2011 - Time for Action (Broide & Co.) `11-01 #216
Jeff Broide's guide to 2011 Israeli business taxation.
January `11 (request PDF 216)

Ten Year Exemption for Olim - True or False `11-01 (Leon Harris) #224
Leon Harris examines "New residents and some returning residents get a 10-year tax exemption in Israel - true or false? Unfortunately, that's partly true, partly false. So let's review the general rule, the exceptions, the solutions and some new developments."
January `11 (request PDF 224)

Tax Alert - Reporting on Foreign Income and Assets `11-01 (Broide & Co.) #221
Jeff Broide explains the reporting requirements for Foreign Income coming into Israel, particularly where there is frequent travel abroad by the bread winner.
January `11 (request PDF 221)

Year End Planning Tips for Individuals (Leon Harris) `10-12 #235
"Not just businesses need year-end tax tips...As the year-end is getting closer now is a good time to do some last minute tax planning."
December `10 (request PDF 235)

What to Bring to us for Preparing Your Tax Return  (Galitzer & Assoc.) `10-12 #215
Shimon Galitzer's guide as to what an accountant needs to receive from the client in order to process an American tax report.
Dec `10 (request PDF 215)

Purchasing Residential Real Estate in Israel - Related Expenses  (Rena Hollander) `10-12 #214
Rena Hollander discusses the taxes and general costs associated with real estate transactions.
December `10  (request PDF 214)

Year End Strategies (Broide) `10-10  #145 
Newsletter from CPA Jeff Broide talking mainly about tax issues for Israeli tax payers and businesses.  Pay close attention to point 8.b which summarizes how to get refunded 35% of your contributions to registered Israeli charities. 
October `10 (request PDF 145)

Aliya Guide to Israeli Tax Benefits for New & Returning Residents (Braude) `10-06  #127
Comprehensive (unofficial) English guide to the current benefits regime, laboriously put together by licensed investment marketer Philip Braude. 
June `10 (request PDF 127)

Israeli Trusts (STEP Journal, Leon Harris) `10-02 #258
Leon Harris explains what Trustees and others should know about Israeli tax.
February `10 (request PDF 258)

Your Taxes: Will the Tax Authority Receive Your Inheritance? (Jerusalem Post) `10-02  #130
How to avoid 80% tax on foreign inheritances received by Israelis from abroad. Accountant Leon Harris explains the problem and gives several solutions, including getting fast track anonymous rulings from Mas Hachnassa. 
February `10 (request PDF 130)

Taxation of Trusts in Israel (Broide) `10-01  #129
A one page overview of the current interpretation of the law on taxation of trusts (worldwide) put together by accountant Jeff Broide. 
January `10 (request PDF 129)


Managers of Investment Managers        Return to Topics list

Multi-Manager Funds - Basics (IFAonline) `10-06  #114
This article appeared in the professional press directed at Financial Advisors based in Great Britain.  It explains, and advocates, one of the core concepts in building an investment portfolio.  Using Multi-manager  Funds of Funds has long been a basic tenet employed by 21st Century Advisors to build portfolios for Financial Resource Network clients.  Highly recommended background information.  June `10 (request PDF 114)

Keeping it in the Family (FOHFs and Family Offices) `07-04  #194
"Family offices are notoriously adverse to find their assets suffering losses...fund of hedge funds may provide the solution to long-term wealth preservation."
April `07 (request PDF 194)

Multi-Managers Are Not All Alike (MitonOptimal) `07-03  #196
Multi-Managers of investment managers are not all alike. Criteria for analyzing the difference between multi-manager funds are listed in this article. 
March `07 (request PDF 196)

Don't Try this at Home - and the question of whom to trust (Jonathan Spring) `06-06  #195
"The problems of being a part-time investor may be inherently impossible to overcome." 
June `06 (request PDF 195)

What's the Truth? Turnover and Early Stage Investing (GAM) `06-06  #197
Hedgefunds at GAM: The internal logic of one manager of managers is given in this article from the chief investment director at GAM. 
June `06 (request PDF 197)

UK Pension Fund Advisor Urges Shift From Equities (Miton Optimal) `06-04  #198
Why retirement schemes "should invest heavily in alternative assets such as hedge funds, commodities, private equity, junk bonds and infrastructure bonds."
April `06 (request PDF 198)

Why Most People Should Invest in Fund-of-Funds (Jonathan Spring) `02-05  #199
In the 1990's many fund-of-fund managers failed miserably by constructing portfolios of underlying funds, that when you combined their historical track records, made you oodles of money...in the past..."
May `02 (request PDF 199)


Offshore Investing, Structures, etc:                   Return to Topics list

Foreign Financial Accounts (STEP Journal) `11-5 #282
New final regulations regarding the obligation to file Report of Foreign Bank and Financial Accounts by June 30, 2011 with no extension privilege.
May `11 (request PDF 282)

Offshore Tax Crackdown Scorecard: UBS, Credit Suisse, HSBC (Bloomberg) `11-5 #281
The US has extended its crackdown on offshore tax evasion.
May `11 (request PDF 281)

Second Special Voluntary Disclosure Initiative Opens: Those Hiding Assets Offshore Face August 31 Deadline (IRS press release) `11-02 #230
"This new effort gives those hiding money in foreign accounts a tough, fair way to resolve their tax problems once and for all. And it gives people a chance to come in before we find them."
February `11 (request PDF 230)

RBC Wealth Management Rejects Criticisms of Offshore Centres (PropertyFundsWorld) `10-09 #211
RBC Wealth Management rejects the common criticisms of offshore centres not helping the world economy.
September `10 (request PDF 211)

United States: IRS's Voluntary Disclosure Program for Offshore Accounts: A Critical Assessment After One Year - Part 1  (Mondaq) `10-09 #231
"...senior prosecutors in the Tax Division of the Department of Justice, working with IRS,
breached the generations-old wall of bank secrecy in Switzerland, sending a clear signal to Americans with undeclared foreign accounts that they are at serious risk of their previously sacrosanct bank account records being turned over to U.S. authorities."
September `10 (request PDF 231)

When is an Offshore Tax Haven Not a Tax Haven? (ILS) `10-03  #131
A leading international corporate service firm explains how to determine which jurisdictions work and why others don't. 
March `10 (request PDF 131)

Luxembourg Hopes to Turn Rules to its Advantage (Reuters-Hedgeworld) `09-05  #190
"Luxembourg, where the financial sector accounts for 45% of the economy, is facing two specific
headaches: its tradition of bank secrecy is crumbling, and ripples of Bernard Madoff's fraud have cast a pall over its successful funds industry." 
May `09 (request PDF 190)

Why? Which? How? (Company Express) `07-05  #191
"A wide range of clients use Offshore Companies, from large international corporations to small
business groups (family businesses and private companies). Clients are engaged in wide range of
business activity, from Arts to Engineering, from Banking to Trading. Some examples of Offshore Companies working with clients are listed...You will also find comments on these." 
May `07 (request PDF 191)

Locales to Lower the Tax Bill (Jerusalem Post) `07-03  #192
"Many an exotic haven provide more than a vacation break." 
March `07 (request PDF 192)

The Viability of an Offshore Company (Expat Investor) `06-01  #193
"Perhaps one of the most common misconception of offshore companies today is the belief that their uses and applications are limited. However, through careful planning, tax efficient structures can be created and used to either mitigate or avoid tax use altogether."  Most concepts still work after all the changes since 2009. 
January `06 (request PDF 193)

Precious Metals  Collectibles               Return to Topics list

Bublicious (PFP Wealth Management) `10-10  #188
A look at private investors who hold on to gold as an alternative to investing. Is that a smart thing to do? 
October `10 (request PDF 188)

Loud Paradigm Shift Rumblings (GoldenJackass.com) `09-05  #189
"A paradigm shift has begun, with banking power shifting to the creditor nations as the US dollar is  supplanted, made possible by several new institutional pillars as well as newly forged alliances." 
May `09 (request PDF 189)

Real Estate Investing               Return to Topics list

Purchasing Residential Real Estate in Israel - Related Expenses `10-12 (Rena Hollander) #214
Rena Hollander discusses the taxes and general costs associated with real estate transactions.
December `10  (request PDF 214)

Retirement Planning:           Return to Topics list

Retirement Planning (NAPFA Planning Perspectives Newsletter) `11-06 #288
June `11 (request PDF 288)

Why Your Nest Egg May Not Last (Wall St. Journal) `11-03 #270
"Investors starting out retirement  in adverse market conditions, such as those of the past few years, may only be able to safely withdraw smaller percentages than is now the conventional wisdom....Over-assumed returns can empty savings more quickly than many expect."
March `11 (request PDF 270)

Estate Planning is Not Just for the Wealthy (NAPFA Planning Perspectives Newsletter) `11-03  #264
". . . NAPFA members explain why estate planning is important and identify its key pieces. They
also outline the steps for developing an estate plan that will ensure that your major decisions, choices, and preferences have been clearly identifed, and can be put into action when necessary."
March/April `11 (request PDF 264)

Shocking Statistics on Women and Retirement (AlterNet) `11-02 #271
"I literally sit down with my husband and our financial planner twice a year to re-confirm that we are doing everything we can to make sure we do not outlive our retirement savings! Unfortunately, this fear of ending up old and poor is actually a very rational one for a high percentage of women."
February `11 (request PDF 271)

Five Retirement Pitfalls to Avoid (MorningStar) `11-01 #236
"Making these blunders could gobble up your nest egg prematurely." This article shares some of the key retirement-planning traps investors fall into as well as some guidance on how to avoid them.
January `11 (request PDF 236)

Estate Planning: Useful But is it Successful? (STEP Journal) `10-02 #250
"Dr. Robb Musgrave challenges STEP members to consider whether estate planning is really giving the client the answers that they are looking for, or if in seeking answers to technical issues advisors are missing their clients' real objectives."
 February `10 (request PDF 250)

The Million Dollar Retirement Plan (Yahoo) `10-12 #260
"Achieving millionaire status is a noteworthy financial goal. But saving $1 million doesn't necessarily mean you are ready to retire or that you will be able to afford a lavish retirement lifestyle. Here's what it takes to save that amount over a working career and how much income you can expect a $1 million nest egg to provide in retirement."
December `10 (request PDF 260)

The Retirement Nightmare: Half of Americans Have Less Than $2,000 Banked for Their Golden Years (NY Times) `10-07  #133
American Retirees are often broke. NY Times review of the retirement situation of millions of Americans, and some partial solutions. 
July `10 (request PDF 133)

The Right Way to Unretire (Fidelity) `09-09  #117
Practical ways to find reasonable employment if you are needing to get back into the work force. September `09 (request PDF 117)

Scam & Theft Related         Return to Topics list

Stocks-Shares Investing         Return to Topics list

Buy & Hold (The Marker) `10-04  #126 
A leading Israeli market commentator explains (in English) why traditional thinking no longer works.  April `10 (request PDF 126)

How Fear and Greed Can Derail Your Stock Strategy (Money Magazine) `09-07  #201
"Crazy markets can drive you to do dangerous things. Warren Buffett calls fear and greed "super-contagious diseases." If you catch either one, you risk serious damage to your financial health."
July `09 (request PDF 201)

How to Hedge Your Bets (Fidelity) `09-07  #206
Using puts and calls as an antidote to financial calamity in one's stock portfolio. 
July `09 (request PDF 206)

Rethinking Fixed Income - Bonds: Why Bother? (Journal of Indexes) `09-06  #202
"Over this full 207-year span, the average stock market yield and the average bond yield have been nearly identical." 
June `09 (request PDF 202)

Wall Street's End (Portfolio.com) `08-12  #203
Biography of a Wall Street insider who saw all the excesses. 
December `08 (request PDF 203)

How to Make Money in Stocks (2nd Edition) (William O'Neil) #204
This is one of the classic books about how to develop a value-investing stock portfolio. We cam e-mail you the whole book which is about 814 Megabytes which would require 8M of space to be downloaded. 
(request PDF 204)

$1 Trillion Question - How Much do I Need to Save to Retire (CNNMoney.com) `06-12  #205
"The right answer isn't just a dollar figure or percentage of salary you should save..." 
December `06 (request PDF 205)

Taxes - Other Jurisdictions           Return to Topics list

UK Taxes, Investing, Retirement Planning:        Return to Topics list

Foreign Financial Accounts (STEP Journal) `11-5 #282
New final regulations regarding the obligation to file Report of Foreign Bank and Financial Accounts by June 30, 2011 with no extension privilege.
May `11 (request PDF 282)

End of Year Tips to Save Clients Money (for British taxpayers) (Int'l Adviser) `11-02 #234
"...This tax year is the first that the 50% tax rate will bite and as such, it is likely that the clients will only now be realizing what this increase in rate may mean - now is a good time to prompt them to review their affairs."
February `11 (request PDF 234)

UK Offshore Clampdown (SCF) `10-10  #144
- Government aims for a  5 times increase in the number of criminal prosecutions against tax evasion.
- Crackdown on offshore evasion with the creation of a dedicated group of investigators.
- Tougher stance to be taken on evasion and avoidance by those liable for the 50% tax threshold. October `10 (request PDF 144)

QROPS & Pensions: Advice for Expats (The Telegraph) `10-02  #135
"British expats abroad can now get more control over their pension plans, thanks to new rules that remove many restrictions for people who retire overseas." 
February `10 (request PDF 135)
USA - Taxes, Social Security, etc.        Return to Topics list

IRS Issues More Guidance on FATCA (Int'l Adviser) `11-7 #295
The US IRS reveals: "Non-US financial institutions will have more time than initially thought before they will need to fully comply with the Foreign Account Tax Compliance Act, which takes effect on 1 Jan 2013."
July `11 (request PDF 295)

Understanding Your IRS Form 1040 (NAPFA) `11-12 #291
May `11 (request PDF 291)

Offshore Tax Crackdown Scorecard: UBS, Credit Suisse, HSBC (Bloomberg) `11-5 #281
The US has extended its crackdown on offshore tax evasion.
May `11 (request PDF 281)

You're an American (STEP Journal) `11-5 #280
Should you be wondering what your status is as a US taxpayer, you may want to
read this.
May `11 (request PDF 280)

Foreign Financial Accounts (STEP Journal) `11-5 #282
New final regulations regarding the obligation to file Report of Foreign Bank and Financial Accounts by June 30, 2011 with no extension privilege.
May `11 (request PDF 282)

Tax Savvies: Strategies to Lower Your Bill (Wall St. Journal) `11-04 #276
Article discussing US taxation on investments. 
April `11 (request PDF 276)

New Rules (STEP Journal) `11-02 #277
"Jennie Cherry summarizes new US estate, gift and generation-skipping transfer tax laws effective 2010-2012."
February `11 (request PDF 277)

US Social Security `11-01  #227
An Explanation from the SSA. 
August `10 (request PDF 227)

The New Tax Relief Act - How Will You be Impacted? (MorganStanley SmithBarney) `11-01  #226
Smith Barney client guide to the changes in USA personal taxation for the 2010 tax year.
January `11 (request PDF 226)

USA Prepares Another International Amnesty (STEP Journal) `10-12 #233
The IRS's last international amnesty coincided with the US authorities' litigation against Swiss bank UBS, and drew voluntary disclosures from about 15,000 worried taxpayers between March 2009 and October 2009. A further 3,000 have made disclosures since that program ended. But a second amnesty will be less generous than the 2009 VDP, said Shulman. "To be fair to those who came in before the deadline, the penalty - and thus the financial cost to participate - will increase", he said.
December `10 (request PDF 233)

United States: IRS's Voluntary Disclosure Program for Offshore Accounts: A Critical Assessment After One Year - Part 1  (Mondaq) `10-09 #231
"...senior prosecutors in the Tax Division of the Department of Justice, working with IRS,
breached the generations-old wall of bank secrecy in Switzerland, sending a clear signal to Americans with undeclared foreign accounts that they are at serious risk of their previously sacrosanct bank account records being turned over to U.S. authorities."
September `10 (request PDF 231)

Tax Planning Will Head You in the Right Direction (Gerber & Co., Inc. CPAs) December `10 #232
"Creating a sensible tax plan for yourself is not an easy task in today's political environment. If you're looking for straightforward, reliable ways to save tax dollars, here are some year-end suggestions to consider."
December `10 (request PDF 232)

Social Security Jitters? Better Prepare Now (NY Times) `10-08  #136
A look at expected changes, and what to do. 
August `10 (request PDF 136)

Changing the Game for Off-Shore Withholding and Disclosure (Dickinson Wright Int'l Law Firm) `10-06  #137
"The HIRE Act imposes a withholding tax on any person making a U.S.-sourced payment to either a 'foreign financial institution' or a 'non-financial foreign entity' equal to 30 percent of the amount of the payment." 
June `10 (request PDF 137)

Private Placement Life Insurance: For Tax Efficient Wealth Creation, Wealth Transfer and Estate Planning (Mondaq) `10-05 #141
"PPLI is a product specifically developed for the investing and insurance needs of the high high-net-worth individual."  ". . . in any estate planning discussion with a high-net-worth individual its mention is virtually mandatory."  Written by an attorney at a leading international law firm.  Particularly pertinent for higher net worth Americans living in Israel. 
May `10 (request PDF 141)

Offshore Asset Protection Trusts for United States Clients (Mondaq) `10-05 #142
"The explosive litigation industry in the United States, capricious legislative bodies, and the volatility of financial markets and economies have evoked a powerful response."  Written by an attorney at a leading international law firm. 
May `10 (request PDF 142)

Five Reasons Tax Shelters Are  More Important Than Ever (Wall St. Journal)  `10-03 #138
1. They are sheltered from creditors as well as from taxes.
2. Tax shelters save you much more money when they are used to shelter bonds rather than stocks.
3. Taxes are likely to rise.
4. Money in tax shelters like an IRA or a 401 (k) doesn't count against you in the federal formula when your children are applying for financial aid for college.
5. Tax shelters are progressive.
March `10 (request PDF 138)

IRS Gets Secret Account Data From 14,700 Americans (Bloomberg) `09-11 #101
A Bloomberg report on what has happened, what the IRS is doing and the results they are getting. November `09 (request PDF 101)

IRS Steps up Offshore Money Hunt as 7,500 Disclose (Bloomberg) `09-11 #102
A Bloomberg report on what is happening and how individuals are negotiating with the government. November `09 (request PDF 102)

Roth Conversion Conundrum (Fidelity) `09-11 #104
Should you convert other retirement related accounts into Roth IRAs?  Should you do it now or in a later year? 
November `09 (request PDF 104)

Guidance on Expatriation Exit Tax (McDermott Newsletters) `09-11 #185
The Heroes Earnings Assistance and Relief Tax Act of 2008 (the HEART Act) created a "mark-to-market" exit tax applicable to certain U.S. citizens and long-term green card holders who expatriate or relinquish their green cards, as well as a succession tax on U.S. citizens or residents who receive certain gifts or bequests from these persons. 
November `09 (request PDF 185)

Is There a Trap Lurking in the Language of Your US Will? (Wall St. Journal)  `09-10 #103
The article says all American wills need to be carefully read by a tax law expert, to make sure surviving spouses do not unexpectedly lose all the joint property assets.  In general, wills need regular review and updating.
October `09 (request PDF 103)

Wills - Trusts - Estate Planning   Return to Topics list

Undercover Probe into Will Writing Finds 'Shocking' Practices  `11-07 #299
"The Legal Services Consumer Panel has called for will-writing services to be regulated after saying it was "shocked" by the poor quality of some wills uncovered in a mystery shopping exercise."
July `11 (request PDF 299)

The Best Protection (STEP Journal)  `11-02 #237
This article discusses Asset Protection. "For the modest estate of a sensible client, much may be done to asset protect domestically, as part of a bona fide long term business/estate plan."
February `11 (request PDF 237)

Is There a Trap Lurking in the Language of Your US Will? (Wall St. Journal) `09-10 #103
The article says all American wills need to be carefully read by a tax law expert, to make sure surviving spouses do not unexpectedly lose all the joint property assets.  In general, wills need regular review and updating.
October `09 (request PDF 103)

US Wills - 6 Qs (NY Times) `10-08 #151
This article answers many questions like:  When do I need a will? : Is a revocable trust better than a will? Should I revise my will?  What happens if I remarry? 
August `10 (request PDF 151)
For Europeans:
Where There's a Will There's a Row (Economist)  `09-10 #107
The Economist discusses the problems between forced heirship and common law wills. This article is especially for people with assets that will be probated under both systems. 
October `09 (request PDF 107)
For Israelis:
Israeli Trusts (STEP Journal, Leon Harris) `10-02 #258
"Leon Harris explains what Trustees and others should know about Israeli tax."
February `10 (request PDF 258)






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